Chapter 559 Small Commodity Market

Of course, such a building requires a lot of service personnel.

However, most of the service personnel will only be responsible for daily maintenance. When Barron comes to live here, more than 20 maids and various full-time service personnel will take over here.

For these things, Barron's life assistant Alia is now very skilled. When he was still visiting the Jupiter Building, Alia had already instructed the staff to place the clothes, daily necessities and other items brought according to Barron's habits, and the entire residential area was well organized.

"Barron, I see that Kolo is developing very well here. Do you think there are good investment opportunities here?"

Standing on the top observation deck of the Jupiter Building, overlooking this new city, Prince Andrew couldn't help asking.

"In fact, before this, this place was very poor, but fortunately, they discovered oil - although the reserves are far less than those of the big dogs in the Middle East, for such a small country, it is already God's blessing..."

Barron held a wine glass and looked at a corner of the city where various buildings were being built in the distance. He said to Andrew lightly:

"And Colo has a good location and has the best port in West Africa. This will be an emerging market. In such a market, there are many opportunities - after all, Europe is very prosperous, which also means that through full competition, there is no opportunity for new entrants, unless there is a wind of innovation."

As the saying goes, words can deceive people, but money can't.

Barron himself has a lot of investments here, so his words are still very convincing to Prince Andrew.

You know, even as a member of the royal family, Prince Andrew can be said to be richer than most ordinary people, but he still needs to earn income through his own investment, and he is also keen on it.

Many people tend to equate royal assets with the Queen's assets. In fact, there is a difference. For example, the Queen's assets shown in the Forbes and other rich lists are usually the Queen's private assets, not the assets of the entire royal family.

After hundreds of years of accumulation, the royal family owns a large number of assets such as real estate, jewelry and stocks, but similarly, the many castles and manors they own require huge amounts of money to maintain.

The royal family hopes that the government can pay for these, but of course the government is naturally unwilling... As early as 1760, King George III of England began to transfer many real estates to the British government one after another, and this tradition has been maintained - after all, the more you go back, the more you need to invest in the maintenance and repair of those "antique buildings".

In exchange, the British government will also pay a considerable amount of "sovereign grants" to the royal family every year.

However, these grants cannot be used for the private expenses of royal family members, but can only be used for the daily maintenance of the royal family, including the salaries of the staff of the official residence, utilities, information technology, property maintenance, travel expenses for royal travel, etc.

As a member of the royal family, they cannot receive remuneration for work outside the royal family. They can also receive considerable allowances by attending some diplomatic, charity and other activities for the royal family.

Just like Prince Andrew, he also has a title of Duke of York, but unlike his brother, His Royal Highness the Crown Prince - as the Crown Prince, the income from the Cornwall Territory belongs to the Crown Prince himself.

Prince Andrew's title of Duke of York is just a title, and there is no fiefdom income.

Therefore, if you want to be more financially affluent, you need to make some investments on your own.

The scope of his investment in enterprises ranges from perfumes to football clubs. In addition, it also holds social events to bring together investors and entrepreneurs to discuss business ideas.

In his previous life, in order to get rid of the accusations against him, Prince Andrew spent $12 million to reach a settlement with the other party - it is said that part of the funds were sponsored by the Queen.

After that, Andrew's financial situation was extremely bad. Even the villa he lived in was in disrepair due to financial problems. He was almost driven out by the Crown Prince, who had become the king at that time...

It can also be seen that his assets are not too much...

Even if Prince Andrew's reputation in the future is not good, he is a member of the royal family anyway and has his own value.

Therefore, if he can invest in Colo, he will definitely maintain this place for the sake of interests, and Barron is still happy to see it happen.

After seeing off Prince Andrew, Barron summoned the CEO of West Africa Group, Enor Duran, and the management of its subordinate branches in the conference room of Jupiter Building to listen to their reports on the development of the group at this time.

West Africa Group is an entity group company that Barron invests in Colo and the entire West African region through West Africa Holdings.

It can also be said that West Africa Group is the largest enterprise in Colo, and its tentacles involve all aspects of Colo's national economy.

For example, in the financial field, West Africa Group owns businesses such as the United Bank of West Africa and the Britta Stock Exchange.

The United Bank of West Africa even has the right to issue the Koro shilling, the legal currency of Koro, and the right to formulate relevant exchange rate policies and financial policies.

At present, the United Bank of West Africa has not only set up branches in various places in Kolo, but also in countries including Ghana, Benin and Burkina Faso...

Because Kolo has Loti, the largest port in West Africa, their re-export trade has developed rapidly, especially Burkina Faso, an inland country adjacent to Kolo, almost all of their imported products need to pass through Kolo to arrive at their own country.

Even Ghana and Benin, which have their coastlines, also need to transfer a considerable part of their goods from Kolo.

Therefore, the Kolo government has signed relevant trade agreements with these countries, including tariff reciprocity between each other, and cooperation in the financial field...

It was also from that time that the United Bank of West Africa began to expand its business outside Kolo.

It is also worth mentioning that the West African Business Management Company under the West African Group has also built a West African small commodity wholesale market in Tsevizi, less than 50 kilometers away from the Port of Loti. They contacted through Alibaba and imported a large number of various high-quality and low-priced goods from Yiwu, China, and sold them here.

At present, the West African Small Commodity Wholesale Market has become the most well-known comprehensive wholesale market in West Africa. Even many vendors from neighboring countries come directly to Tsevitz to purchase goods...

After the success of the wholesale market in Tsevitz, the West African Business Management Company will also establish a second small commodity wholesale market in Dassau.

Dassau is located at the northern end of Kolor, and is also the northernmost section of the Loda Expressway and Loda Railway, the main traffic artery of Kolor. The construction of a small commodity wholesale market there is also conducive to promoting the development of the northern region of Kolor, and it is also more convenient for this market to radiate the inland countries of West Africa including Burkina Faso.

With the development of these trades, the Kolor shilling has gradually tended to flow out.

On the one hand, it is more convenient to come to Kolor to "purchase goods", and on the other hand...

After all, it is well known that in many African countries, due to various reasons such as economic instability and confusion of evidence, the currency depreciation of many countries is very common and large, which makes the currency of ordinary people depreciate accordingly.

Since its launch, the exchange rate of the Kolor shilling has been relatively stable.